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Bullboard - Stock Discussion Forum Canadian Life Companies Split Corp T.LFE.PR.B


Primary Symbol: T.LFE Alternate Symbol(s):  CLSPF

The Companys investment objectives are (i) to provide holders of Preferred Shares with fixed cumulative preferential monthly cash dividends in the amount of $0.04375 per Preferred Share to yield 5.25% per annum on the original issue price (ii) to provide holders of Class A Shares with regular monthly cash distributions targeted to be $0.10 per Class A Share to yield 8.0% per annum on the... see more

Bullboard (TSX:LFE)

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Comment by flamingogoldon May 15, 2024 12:25pm

RE:RE:Sellers stepping in and selling down LFE

Rest assured, this is going to pay along with DF and DFN too.
24
Discussion
Post by mousermanon May 15, 2024 10:57am

Sellers stepping in and selling down LFE

I see the stock price for the common shares has dropped a lot despite the NAV being above 15$.. 3 of the 4 CAD lifecos now in red, so if that gets worse it may drop close to 15$.... but not sure i ...more  
75
Discussion
Comment by mousermanon May 15, 2024 10:45am

RE:RE:RE:RE:RE:RE:RE:LFE unit nav in realtime @ $15.19

UNIT NAV is flat  today so hanging in there around $15.15 with a gain of 80 cents since the April 30th update. GWO and IAG pulling back for whatever reason...I think big gains may cause some ...more  
46
Discussion
Comment by flamingogoldon May 15, 2024 9:50am

RE:RE:RE:RE:RE:LFE unit nav in realtime @ $15.19

DFN is Quadravest's bread and butter fund. They will do whatever they can to pay out on that one. The rest will need to meet the guidelines. Having said that, today's US CPI# was a sigh of ...more  
41
Discussion
Comment by azzurrion May 15, 2024 9:42am

RE:RE:RE:RE:RE:RE:LFE unit nav in realtime @ $15.19

Great perspective Mouseman. Interesting that they take liberties with their flagship product (DFN) but, not with other of their splits under similar circumstances. Good thing is that based on today ...more  
29
Discussion
Comment by flamingogoldon May 15, 2024 9:20am

RE:LFE Unit nav to May 14 = approx: $15.15

It's hard owning an equity that deserves more respect. I own BBD... (oh, did anyone twitch when I said that lol). No denying BBD made a lot of mistakes over their history, but they have turned it ...more  
37
Discussion
Post by Experiencedon May 14, 2024 5:48pm

Mouserman

I think I can speak on behalf and many others who follow your posts here and elsewhere.....THANK YOU
54
Discussion
Post by mousermanon May 14, 2024 4:42pm

LFE Unit nav to May 14 = approx: $15.15

So the spreadsheet showing a gain of 80 cents since the updated number April 30th.. I think LFE gained more in UNIT NAV than any of Quadravest split funds.. by quite a bit. FFN i think had the next ...more  
84
Discussion
Comment by mousermanon May 14, 2024 4:38pm

RE:RE:RE:RE:RE:LFE unit nav in realtime @ $15.19

DFN is the ONLY split fund in Quadravest where that has happened.  They could have used a different date for DF one time and paid, but they didnt. And BK had the threshhold actually beat on the ...more  
62
Discussion
Comment by azzurrion May 14, 2024 4:14pm

RE:RE:RE:RE:LFE unit nav in realtime @ $15.19

As has been noted in the past by AnEducator, the Quadravest splits are not hard coded to the 15th of the month NAV. If there's a drop below $15 NAV at close tomorrow, they may use today's ...more  
56
Discussion
Comment by Experiencedon May 14, 2024 4:00pm

RE:RE:RE:LFE unit nav in realtime @ $15.19

Mouserman..... wondering if people don't realize that the decision is being made tomorrow 
30
Discussion
Comment by mousermanon May 14, 2024 3:27pm

RE:RE:LFE unit nav in realtime @ $15.19

Seems  as tho the street is pircing LFE as if it has already missed making the cut for paying to commons. My spreadsheet is saying it would still have to lose about 12 cents tomorrow to miss...
34
Discussion
Post by mousermanon May 14, 2024 12:36pm

LFE UNT NAV in realtime @ $15.13

So IAG pulled back after a good jump early on, and the CAD banks now down... so gave back a few pennies. Biggest 2 holdings are MFC and SLF at last report , and both are up today.
48
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